Maxim starts Golden Matrix at Buy on ‘diversified, rapidly expanding operations’

Maxim analyst Jack Vander Aarde initiated coverage of Golden Matrix (GMGI) with a Buy rating and $4 price target The company has established itself as a global B2C and B2B gaming technology company with diversified operations across multiple international markets and is rapidly expanding to new regulated markets, the analyst tells investors in a research note. Golden Matrix should continue balancing its organic growth runway, while also bolstering its pace of growth and global expansion via strategic acquisitions of profitable, diverse gaming businesses that provide compelling synergies, innovation and unlock new verticals, the firm added.